Once you’re almost at the end of your initial fixed mortgage period, you may be looking to contact a mortgage broker in London to look at your remortgage options.
Across our over two decades of helping homeowners with their remortgage in London, we have helped thousands of customers find more appropriate and competitive Remortgage deals to match their needs.
Our dedicated team of expert mortgage advisors in London have the ability to search through 1000s of Remortgage deals for you. If they find a more suitable deal that matches your circumstances and you are happy to proceed with it, we can get started with the process of your mortgage and get your application for a remortgage in London submitted to the lender.
We want what is best for you and will always recommend the best path for you to take as a homeowner. If you would be better off with your current lender and simply doing a product transfer, our mortgage advisors in London will inform you of such. We believe in full transparency with the customer.
It is highly recommended that you take advantage of the free Remortgage appointments we have available. Getting a free mortgage review may allow you to access much better mortgage rates, saving money in the long run.
Book your free remortgage review with a reputable mortgage broker in London today and we’ll get started on your remortgage in London.
A remortgage in London is the process of taking out a brand new mortgage, in the house you are already in, once you are at the point where your existing deal is set to end. Many homeowners will choose a fixed-rate mortgage to keep their payments consistent for a period of time, and then once this period is over, remortgage in London to access a better deal. In order for your mortgage to be classified as a remortgage in London, you will take out your mortgage with another mortgage lender to the one you had before. This is called a product transfer if you take out a new mortgage with the same mortgage lender.
It is understandable that you want to be at the best interest rate because mortgages are one of the biggest financial commitments you make. It is for this reason that people will typically look to take out a remortgage in London. There are a variety of reasons why a homeowner may want to remortgage in London, such as to release equity to cover the costs of any home improvements or to consolidate unsecured debts. If you do not decide to remortgage in London, you could end up on the standard variable interest rate of your mortgage lenders, which we tend to find more expensive. Remortgaging in London can be a terrific way for homeowners to save money!
This answer may change depending on the lender you used and the size of the unsecured debt you have accumulated. But yes, sometimes you can remortgage in London to incorporate your debts into your mortgage. When you do this, your monthly mortgage payments will increase, as will your mortgage term.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
Here at Londonmoneyman, your free remortgage review with one of our dedicated remortgage advisor in London will last 30 minutes to 1 hour. During your appointment, we will review your current mortgage deal and see if you can access a better rate. We will also review all your other remortgage options in London.
We believe in being fully transparent, so if we think you can access a better rate, we will search through 1000s of remortgage deals in London and find the perfect one for you.
The fees that are involved with remortgaging in London are like those that came with your first mortgage set-up, depending on which mortgage broker in London you went with first.
If you speak to a mortgage broker in London, they will run through all these fees with you. They will consider said fees when comparing the savings of the new deal with your current mortgage.
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5.00 Rating15 Reviews
Anonymous
Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
7 months ago
Anonymous
Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
7 months ago
Laura
I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
7 months ago
Jaycee
A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
7 months ago
Tamra
Great company. Great service. Recommend 100%
7 months ago
Otto
thank you chloe for help with my mortgage iwill be back next time.
7 months ago
Tabby
Excellent service very helpful with my mortgage 😀
7 months ago
Seb
Very useful and efficient service. Thank you london money man!
7 months ago
Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
7 months ago
Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
7 months ago
Derek
Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
7 months ago
Marina
Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
7 months ago
Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
During the appointment, you will discuss your current situation with one of our expert remortgage advisor in London and what you hope to achieve.
With the information surrounding your income and expenditure, it will help our mortgage advisors in London work out your affordability.
Our team will search through 1000s of remortgage products to find the most suitable deal for you!
Before recommending the final product, we will consider your personal and financial situation.
Once your offer has been accepted, your remortgage advisor in London will submit your full mortgage application and send all evidential documents to the lender.
During this process, your dedicated case manager will keep you informed every step of the way, right through, until you receive your formal remortgage offer and complete your purchase.
We always like to go the extra mile. As well as securing you the best remortgage deal, we will also recommend relevant insurance to keep you and your family protected.
We will also contact you when your next remortgage in London is due for renewal, to ensure you are always on the best deal
Book your free remortgage review today and we’ll get your remortgage in London started, hopefully quicker and more streamlined than your initial mortgage already was. We’re here to provide you with a top tier customer experience, all throughout your process.
Here at Londonmoneyman, we are very proud that we are able to provide our customers with a fast and friendly Mortgage Advice in London. We truly do love our jobs, ensuring customers can achieve their mortgage dreams by searching thousands of remortgage deals.
To learn more about our mortgage advice service and how satisfied we leave our customers at the end of their process, please take a look at our company reviews. There are plenty of reviews from homeowners just like you, who were thrilled with the service we could provide.
Our hard working workforce of mortgage advisors in London will offer every customer who gets in touch, their very own free remortgage review for their remortgage in London.
We’re here for you all throughout the week, from early in the day until late at night, with appointments that are bookable at convenient times around your busy schedule, subject to availability.
We have worked hard over the years to provide support to various unique customers. This is especially the case when they are releasing equity from their homes to fund any home improvements.
This is often an option for homeowners who want to make a change to their home but don’t want to move. We regularly hear of things such as a home extension, a new kitchen, or a loft conversion.
If you are wondering what the potential paths you can take to release a large amount of equity for this purpose, we would recommend getting in touch.
We have a vast selection of mortgage lenders who may be able to help, though they will want to see any quotations for the potential costs.
Some homeowners may look to put any unsecured debts into your mortgage. This is because doing so will allow you to merge all your outgoings into a much more manageable monthly payment. Better still, that payment will remain the same all throughout.
It is very important to remember though that this will extend your debt across the entire course of your mortgage term. By the time it has been paid off, you will have paid a lot more overall. In general, consolidating debts is a risky process and is something to heavily consider, rather than jumping in unprepared.
Bearing this in mind, we recommended that you get in touch with a mortgage broker in London before you look to secure any debt against your home.
You should think carefully before securing other debts against your home. By adding your unsecured debts to your mortgage, which is secured on your home, you are potentially putting your home at risk if you cannot make the required repayments.
Although the total monthly cost of servicing your debt may have reduced, the total cost of repayment may still have risen as the term of your mortgage is longer than it may have taken to repay the debts originally.
If you co-own a home with a partner or friend and you are looking to take their name off the mortgage, you can do this by taking out a remortgage in London.
Even if you choose to remain with your current lender, you’ll have to go through a similar process to the first time you took out a mortgage. This is because a lender needs to have the confidence in your ability to pay back your mortgage, without backup from someone else.
For more information on the scenarios above or to better understand your Remortgage in London, feel free to get in touch and we’ll answer all of your mortgage questions.
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
